How the Mighty Have Fallen: 61 Blue Chip Trades To Make Now

by Louis Navellier | March 18, 2014 10:42 am

Just as the ides of March marked the downfall of Julius Caesar, last week brought several industry titans to their knees.

Shares of General Motors (GM[1]) plunged last week after the car maker was hit with criticism related to ignition problems and botched recalls. Competitors Ford (F[2]) and Toyota (TM[3]) were also swept up in the bad press and saw their share prices fall. So over the weekend I downgraded all three auto makers in Portfolio Grader[4] to D-rated sells (all were previously C-rated holds).

It just comes to show that a lot can happen in a week, even with Wall Street’s biggest players. So let’s look at the 61 big blue chips that have been upgraded and downgraded this weekend. After taking a close look at the latest data on institutional buying pressure and each company’s fundamental health, I decided to revise my Portfolio Grader recommendations for each of the stocks listed below.